The metal implant is a device that is used to replace a biological structure that has been damaged due to cartilage disorders, trauma or bone disorders. The rising prevalence of degenerative joint diseases and the growing geriatric population are driving the growth of metal implants and the medical alloys market.

According to the AAID (American Academy of Implant Dentistry), approximately 3 million people in the United States have dental implants, and this number is expected to grow by 500,000 annually. Therefore the increasing incidence of chronic diseases such as cardiovascular diseases, congenital disorders, neuropathic diseases, and osteoarthritis, and the launch of technologically advanced products are the key driving factors in the metal implants and medical alloys market.

Key Market Trends

Orthopedic Segment is Expected to Hold a Major Market Share in the Metal Implants and Medical Alloys Market

The orthopedic segment holds a major market share and is expected to grow significantly over the forecast period. Orthopedic implants are thus used to replace the missing joints or bone or to give support to the damaged bone. Orthopedic implants are thus fabricated by using titanium alloys and stainless steel for strength, and plastic coating acts as artificial cartilage.

According to the Arthritis Research UK, it is estimated that around 17.8 million people live with a musculoskeletal condition in the United Kingdom, which is around 28.9% of the total population which leads to high demand for orthopedic implants. However, other factors such as the rising geriatric population, increasing incidence of osteoarthritis are the key driving factors in the orthopedic segment.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global metal implants and medical alloys market due to the increasing geriatric population in this region.

According to the Centers for Disease Control and Prevention (CDC), by the year 2040, an estimated 78 million (25.9%) adults aged over 18 years will have doctor-diagnosed arthritis. Moreover, the rise in the adoption of advanced technologies in metal implants and medical alloys market and the presence of well-established healthcare facilities are fueling the growth of the overall regional market to a large extent.

Competitive Landscape

The Metal Implants and Medical Alloys Market is competitive and consists of several market players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Carpenter Technology Corporation, Royal DSM, Johnson Matthey Plc, ATI Specialty Alloys & Components, Ametek Specialty Products, Aperam S.A., QuesTek Innovations LLC, and Fort Wayne Metals, Wright Medical Group, Zimmer Biomet Holdings, Inc.

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